ICCIX vs. ICSIX

Last updated Aug 4, 2026

ICCIX (Dynamic International Opportunity Fund) and ICSIX (Dynamic U.S. Opportunity Fund) are both mutual funds - ICCIX is a Foreign Large Cap Equities fund managed by Innealta Capital, while ICSIX is a Tactical Allocation fund managed by Innealta Capital. Over the past 10 years, ICCIX returned 7.41%/yr vs 10.66%/yr for ICSIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. ICCIX charges 1.62%/yr vs 1.24%/yr for ICSIX.

Performance

ICCIX vs. ICSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynamic International Opportunity Fund (ICCIX) and Dynamic U.S. Opportunity Fund (ICSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICCIX achieves a 11.81% return, which is significantly higher than ICSIX's 5.39% return. Over the past 10 years, ICCIX has underperformed ICSIX with an annualized return of 7.41%, while ICSIX has yielded a comparatively higher 10.66% annualized return.

ICCIX

• 1D: -0.25%
• 1M: -0.75%
• 6M: 5.16%
• YTD: 11.81%
• 1Y: 26.95%
• 3Y*: 13.78%
• 5Y*: 6.45%
• 10Y*: 7.41%
• ALL TIME*: 5.69%

ICSIX

• 1D: 0.41%
• 1M: -0.88%
• 6M: 3.31%
• YTD: 5.39%
• 1Y: 13.74%
• 3Y*: 10.91%
• 5Y*: 8.21%
• 10Y*: 10.66%
• ALL TIME*: 8.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ICCIX Dynamic International Opportunity Fund	$0.00	$0.00	$0.00
ICSIX Dynamic U.S. Opportunity Fund	$0.00	$0.00	$0.00

ICCIX vs. ICSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICCIX Dynamic International Opportunity Fund	11.81%	26.98%	2.33%	10.95%	-13.47%	1.05%	27.19%	6.62%	-14.22%	23.57%
ICSIX Dynamic U.S. Opportunity Fund	5.39%	16.41%	8.16%	16.05%	-7.52%	16.14%	18.73%	25.95%	-11.12%	15.19%

Correlation

The correlation between ICCIX and ICSIX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Dec 30, 2011	0.74

The correlation between ICCIX and ICSIX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

ICCIX vs. ICSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ICCIX

ICCIX Risk / Return Rank: 52
ICCIX Sharpe Ratio Rank: 50
ICCIX Sortino Ratio Rank: 45
ICCIX Omega Ratio Rank: 51
ICCIX Calmar Ratio Rank: 61
ICCIX Martin Ratio Rank: 53

ICSIX

ICSIX Risk / Return Rank: 37
ICSIX Sharpe Ratio Rank: 33
ICSIX Sortino Ratio Rank: 31
ICSIX Omega Ratio Rank: 31
ICSIX Calmar Ratio Rank: 41
ICSIX Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ICCIX vs. ICSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic International Opportunity Fund (ICCIX) and Dynamic U.S. Opportunity Fund (ICSIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ICCIX	ICSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.15	+0.32
Sortino ratio: Return per unit of downside risk	2.03	1.62	+0.41
Omega ratio: Gain probability vs. loss probability	1.27	1.20	+0.07
Calmar ratio: Return relative to maximum drawdown	2.24	1.81	+0.43
Martin ratio: Return relative to average drawdown	7.74	7.31	+0.43

ICCIX vs. ICSIX - Sharpe Ratio Comparison

The current ICCIX Sharpe Ratio is 1.48, which is comparable to the ICSIX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of ICCIX and ICSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ICCIX vs. ICSIX - Drawdown Comparison

The maximum ICCIX drawdown since its inception was -28.83%, which is greater than ICSIX's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for ICCIX and ICSIX.

Drawdown Indicators

	ICCIX	ICSIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.83%	-25.63%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-6.73%	-5.12%
Max Drawdown (3Y) Largest decline over 3 years	-13.34%	-24.90%	+11.56%
Max Drawdown (5Y) Largest decline over 5 years	-22.13%	-24.90%	+2.77%
Max Drawdown (10Y) Largest decline over 10 years	-28.83%	-25.63%	-3.20%
Current Drawdown Current decline from peak	-4.21%	-1.34%	-2.87%
Average Drawdown Average peak-to-trough decline	-6.45%	-3.21%	-3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	1.67%	+1.76%

Volatility

ICCIX vs. ICSIX - Volatility Comparison

Dynamic International Opportunity Fund (ICCIX) has a higher volatility of 6.08% compared to Dynamic U.S. Opportunity Fund (ICSIX) at 2.33%. This indicates that ICCIX's price experiences larger fluctuations and is considered to be riskier than ICSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICCIX	ICSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	2.33%	+3.75%
Volatility (6M) Calculated over the trailing 6-month period	16.28%	7.75%	+8.53%
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	10.61%	+7.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.44%	16.51%	-3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	15.58%	-1.51%

ICCIX vs. ICSIX - Expense Ratio Comparison

ICCIX has a 1.62% expense ratio, which is higher than ICSIX's 1.24% expense ratio.

Dividends

ICCIX vs. ICSIX - Dividend Comparison

ICCIX's dividend yield for the trailing twelve months is around 3.66%, less than ICSIX's 18.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICCIX Dynamic International Opportunity Fund	3.66%	4.09%	7.11%	2.35%	1.28%	0.88%	0.80%	1.71%	1.97%	1.60%	1.90%	2.01%
ICSIX Dynamic U.S. Opportunity Fund	18.16%	19.13%	19.10%	0.97%	2.55%	5.47%	5.78%	0.49%	12.55%	2.50%	4.76%	2.22%

Frequently Asked Questions

Can I hold both ICCIX and ICSIX in my portfolio?

ICCIX and ICSIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ICCIX or ICSIX?

ICCIX has higher volatility (6.08%) compared to ICSIX (2.33%). In terms of maximum drawdown, ICCIX dropped -28.83% vs ICSIX's -25.63%.

Which has better risk-adjusted returns?

ICCIX currently has the higher Sharpe Ratio (1.48 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.